Lower inflation figures mean less pressure to raise rates…

Latest figures show inflation is not a problem…. The latest 12 month figures show inflation running at about 1.7% which is within  the Bank of Canada’s 2% target rate….

Inflation is one of the biggest factors that affects the Bank of Canada’s key rate (the rate that affects Bank’s Prime rate)…..this is good news for Canadian borrowers as there has been a large amount of media coverage regarding the much-anticipated interest rates hikes…

Oh, and by the way… the Bank Prime rate still 2.25% (an all time low)…  Why not just enjoy the low rates and not worry about what might happen in a few years?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: